Should I hire a financial adviser to help me invest a small amount, say $5,000, for the long term?

QuietGrowth - Should I hire a financial adviser to help me invest a small amount, say $5,000, for the long-term?
This is a common question asked by many young people who have just started their journey to save for their future. If you have this question, then I am glad that you intend to invest for the long term. I am also glad that you are open to seeking the help of an expert to help you make your investments.

However, if you are considering to take the help of a high-quality financial adviser providing you the service face-to-face, then, unfortunately, the amount of investible assets that you have is not sufficient.

Typically, high-quality wealth managers do not serve clients with lower investible assets, with many highly-skilled portfolio managers expecting to manage at least one million dollars from each client.

So, the best option for you is to become a client of a reputed digital investment management service. In such a firm, highly-skilled investment and engineering teams would have built a scalable, robo-advice solution that automates:

  1. the delivery of personalised investment advice to the client, and
  2. the management of the funds invested by the client using interactive interfaces and algorithms.

This enables the firm to provide a high-quality digital investment management service for a low fee. This also allows the firm to provide access to the service to those who can invest smaller amounts, such as yours, for the long term. Our firm QuietGrowth is an example.

Related information

Read the answers to the related questions:

Also refer to the related knowledge resources:

QuietGrowth has been publishing content in this blog or in other sections of the website. Contributors for this content may include the employees of QuietGrowth, or third-party firms, or third-party authors. Unless otherwise noted, such content does not necessarily represent the actual views or opinions of QuietGrowth or any of its employees, directors, or officers.

Any links provided in our website to other websites are for the purpose of convenience, or as required by any such other websites. Unless otherwise noted, this does not imply that QuietGrowth endorses, is affiliated, and/or promotes any information, or products or services of those websites. Please read the advice disclaimer section of the website too.

Get started. Start investing.

Select the type of investment account you want to create

 

 

Note:

Individual: A personal account for you to invest for yourself.
Joint: An account for you and another person to invest for both of you.
SMSF: An account for the trustees of a Self-Managed Super Fund to invest through it.
Trust: An account for the trustees of a trust to invest through it.
Let QuietGrowth manage your investments for you.